Posts Tagged ‘Financial Planner’

Estate Planning Basics

Posted on October 20, 2009 under , ,

Your will is a written statement of how you wish your assets and other things to be handled in the event of your death. Creating a will can help your loved ones act in a time of grief by outlining your funeral and burial wishes and by giving them a direction to move in to help settle your estate. A living will, or advance directive, gives someone medical power of attorney for you in the event that you are in a coma or otherwise unable to make your own medical decisions. For many seniors, a living will is the only way to ensure that you are treated as you wish to be in the event of a prolonged illness or serious medical condition.

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Disbursing Life Insurance as a Trust for Minors

Posted on October 12, 2009 under , ,

When setting up a disbursement arrangement for a life insurance policy, many of us certainly attempt to provide for children and grandchildren. Leaving insurance money to a minor can be a logistical nightmare, however, and there is a great deal of red tape that must be maneuvered. So how exactly can you do this without creating a financial nightmare for everyone involved?

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What is my policy worth?

Posted on January 22, 2009 under , ,

Usually the first question seniors ask after hearing that their life insurance policy may be worth much more than the cash surrender value is “How much is my policy worth?” The calculation is simple enough:  Determine the insured’s life expectancy and multiply that by the annual premiums to estimate the expected cost of maintaining the policy.  »

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Recommended Life Settlement Articles

Major Publications on “Life Settlements”

When my partners and I first created the Life Settlement Network, and were becoming increasingly involved in the Life Settlement industry, our friends and family had never heard of life settlements.  For the most part, they learned about this new financial tool from us.  Initially – most had responses something along the lines of “Sounds [...]

What is my policy worth?

Usually the first question seniors ask after hearing that their life insurance policy may be worth much more than the cash surrender value is “How much is my policy worth?”
The calculation is simple enough:  Determine the insured’s life expectancy and multiply that by the annual premiums to estimate the expected cost of maintaining the policy.  [...]

If my policy is worth so much – why should I sell in a life settlement?

A question that comes up frequently in presentations and in discussions with policyholders and beneficiaries: If an investor is willing to buy my policy for $X amount and expect to make a profit – why shouldn’t the family just keep the policy?